Glenview Trust co Sells 363 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Glenview Trust co trimmed its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 6.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,061 shares of the transportation company’s stock after selling 363 shares during the quarter. Glenview Trust co’s holdings in Delta Air Lines were worth $306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Harbour Investments Inc. increased its stake in shares of Delta Air Lines by 3.5% in the 4th quarter. Harbour Investments Inc. now owns 9,438 shares of the transportation company’s stock worth $571,000 after acquiring an additional 317 shares in the last quarter. one8zero8 LLC bought a new position in shares of Delta Air Lines in the 4th quarter worth about $1,281,000. Natixis Advisors LLC increased its stake in shares of Delta Air Lines by 4.4% in the 4th quarter. Natixis Advisors LLC now owns 176,560 shares of the transportation company’s stock worth $10,682,000 after acquiring an additional 7,504 shares in the last quarter. Picton Mahoney Asset Management increased its stake in shares of Delta Air Lines by 534.8% in the 4th quarter. Picton Mahoney Asset Management now owns 34,280 shares of the transportation company’s stock worth $2,074,000 after acquiring an additional 28,880 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of Delta Air Lines by 4.3% in the 4th quarter. First Eagle Investment Management LLC now owns 14,505 shares of the transportation company’s stock worth $878,000 after acquiring an additional 600 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Citigroup raised their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Barclays reduced their price objective on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Susquehanna raised their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $76.60.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is owned by company insiders.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $46.88 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The company has a market cap of $30.30 billion, a PE ratio of 8.79, a PEG ratio of 0.75 and a beta of 1.34. The firm’s 50-day moving average price is $62.08 and its 200-day moving average price is $58.12. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 earnings per share. As a group, analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.28%. Delta Air Lines’s dividend payout ratio (DPR) is 11.26%.

Delta Air Lines Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.